Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value On Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

	March 31, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	329,678	$	—	$	—	$	329,678
Short-term securities:
Commercial paper		—		6,282		—		6,282
Corporate bonds		—		2,814		—		2,814
U.S. treasury securities		11,985		—		—		11,985
Total financial assets	$	341,663	$	9,096	$	—	$	350,759

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	412,070	$	—	$	—	$	412,070
Short-term securities:
Commercial paper		—		5,580		—		5,580
Corporate bonds		—		2,128		—		2,128
U.S. treasury securities		6,057		—		—		6,057
Total financial assets	$	418,127	$	7,708	$	—	$	425,835